“As a construction company, you need insurance that covers against certain claims. In fact, you need an insurance policy created specifically for your industry, called construction general liability insurance. Source: https://www.sboneinsurance.com/.
The Three Areas of Coverage
With this type of insurance, your business is covered for three main types of claims. The first is a bodily injury. This includes harm to employees or visitors to your construction site. The second is false advertising and the third is damage to the property. The types of damage-causing incidents that may be covered by this policy include the following:
Collapses
Explosions
Fires
Work underground
If a claim is filed, you may be accused of negligence. However, this insurance protects you against such claims and helps with the legal fees so you do not have to pay out of pocket to clear your name and your reputation.